Bank Innovation Awards

The BankTech Committee will review all submissions and select the winners for first, second, and third place. Award winners will be announced at the BankTech Conference on October 3, 2024, at the Doubletree Hotel in Oakbrook Terrace. The committee will consider banks based in Illinois that have completed an innovative technology project in the past 12 months. The following criteria will be considered:

  1. Degree of Innovation: Judges may assess the innovation's uniqueness and originality. This criterion could involve evaluating how the innovation differs from existing solutions in the market and how it introduces new concepts, technologies, or approaches. When technology is involved, judges may assess its sophistication and effectiveness.
  2. Adaptability, Scalability, and Impact: Judges may evaluate the innovation's potential for adoption and scalability within the banking industry. This criterion could include scalability, the potential to drive positive change or efficiency gains, and the ability to address significant challenges or opportunities.
  3. Customer Value: The degree to which the innovation enhances the customer's experience or meets the customer's evolving needs and preferences. This criterion could include increased convenience, improved accessibility, personalized services, or better customer financial outcomes.
  4. Financial Performance: While not always the primary focus, judges may also consider the innovation's financial performance or viability, such as cost-effectiveness, revenue generation potential, and ability to drive profitability or cost savings.
  5. Sustainability and Ethical ConsiderationsInnovation awards increasingly focus on sustainability and ethical considerations. Judges may assess the innovation's environmental impact, social responsibility, moral implications, and the organization's commitment to corporate social responsibility and ethical business practices.

Nominee Name

Nominator Profile

Common Criteria (250-300 words per criteria)